2023
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GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
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GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
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 GDP
$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
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GDP GROWTH
16.8%CURRENT US$
Rnk 149 / 195
2023
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GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
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GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
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GDP PC
$13,106CURRENT US$
Rnk 77 / 196
2013-2023
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GDP PC GROWTH
4.19%CURRENT US$
Rnk 147 / 195

About

Chile-Turkey Trade: In 2023, Chile exported $200M to Turkey. The main products that Chile exported to Turkey were Other Nuts ($56.7M), Fish Oil ($44.5M), and Nitrites and Nitrates ($22.5M). Over the past 5 years the exports of Chile to Turkey have decreased at an annualized rate of 10.8%, from $354M in 2018 to $200M in 2023.

In 2023, Chile did not export any services to Turkey.

Turkey-Chile Trade: In 2023, Turkey exported $370M to Chile. The main products that Turkey exported to Chile were Monofilament ($21.1M), Delivery Trucks ($20.9M), and Iron Blocks ($18.3M). Over the past 5 years the exports of Turkey to Chile have decreased at an annualized rate of 1.14%,  from $420M in 2018 to $370M in 2023.

In 2023, Turkey did not export any services to Chile.

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $200M to Turkey. The main products exported from Chile to Turkey were Other Nuts ($56.7M), Fish Oil ($44.5M), and Nitrites and Nitrates ($22.5M). During the last 5 years the exports of Chile to Turkey have decreased at an annualized rate of 10.8%, from $354M in 2018 to $200M in 2023.

In 2018, Turkey exported $370M to Chile. The main products exported from Turkey to Chile were Monofilament ($21.1M), Delivery Trucks ($20.9M), and Iron Blocks ($18.3M). During the last 5 years the exports of Turkey to Chile have decreased at an annualized rate of 1.14%, from $420M in 2023 to $370M in 2018.

Exports from Chile (Flag) to Turkey (Flag) (2023)

Exports from Turkey (Flag) to Chile (Flag) (2023)

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Turkey
Top Destination
Germany$24.7B

This map shows whether countries import more from Chile or Turkey. Each country is colored based on the difference in imports they receive from Chile and Turkey or the difference in the growth in imports.

In 2023, countries that imported more from Chile than Turkey included China ($38.2B), Japan ($7.1B), and South Korea ($6.02B).

In 2023, countries that imported more from Turkey than Chile included Germany ($24.7B), United Arab Emirates ($14.7B), and United Kingdom ($15.1B).

Difference in imports from Turkey (Flag) and Chile (Flag) (2023)

Comparative Advantage Chile - Turkey

Flow
Scale

This chart compares trade between Chile and Turkey by product, considering products traded by both, Chile and Turkey.

During 2023, Chile had a large net trade with Turkey in the exports of Vegetable Products ($77.9M), Animal and Vegetable Bi-Products ($47.5M), and Chemical Products ($36M).

During 2018, Turkey had a large net trade with Chile in the exports of Machines ($81.2M), Metals ($69.8M), and Transportation ($45.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Turkey+$45.5MRefined Copper
Top Product Potential Turkey Chile+$25.8MDelivery Trucks

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Chile and Turkey. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Chile.

Product Space of Chile (Flag) and Turkey (Flag) (2023)

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